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[sharechat] INTEREST RATES &WNC

From:	"Ian Andrews" <iandrews@ihug.co.nz>
Date:	Fri, 19 Jan 2001 22:28:10 +1300

Update from 2 weeks ago, from www.rbnz.govt.nz

The yield curve is now positive at the long end, & flat at the short end. I'm more inclined to think now financial markets are taxiing onto the runway & waiting for Don's call on inflation.

WNC & Estar The customer base question needs to be addressed also, I believe.Estores internationally have not generally done well - but that's not to say one couldn't. They could have the business plan right, but the market still seems uncertain, with the price drifting for 4 months & still looking for support after the estar announcement. I'm looking for a buy opportunity, but I don't sense it yet.

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